We inherited the biggest deficit in Pakistan's history: PM Imran

ISLAMABAD: Prime Minister Imran Khan has said the country's economy had stabilised with all economic indicators moving towards a positive trajectory.

Addressing a signing ceremony of Super-6 310-MW Wind Power Projects in Islamabad on Friday, the prime minister said the rupee was gaining with the stock market showing positive sentiments and exports increasing.

"No other government had received such a deficit before then his government did," the prime minister said.

“I have visited China three times and met their ministers along with the think tanks. China has brought 70 million people out of poverty, their policies are long-term,” he said.

“We, unfortunately, plan short-term. After every five years, we try to win the election for which we do short-term planning. This is the major difference between us and China,” the prime minister added.

The prime minister said the government's policies were aimed at uplifting the poor segment of the society by creating maximum employment opportunities for people.

“There is a huge potential of hydroelectricity in the country but costly electricity was produced through imported fuel,” the prime minister said.

He added the Super 6 wind power projects will provide affordable and environmentally friendly clean energy to the country.

PM Imran further said that today we are facing one of the biggest problem i.e. expensive electricity. We went from making the cheapest electricity to producing the most expensive electricity because of the short-term planning. We did not think about how to accumulate wealth. Such a country can never go up.”

The prime minister thanked his economic team for pulling them out of a difficult time. “Our first year was very difficult. We were facing a huge current deficient, which no other government had ever faced. But my economic team pulled us out of it and stabilising the economy,” he added.

Investment on these wind power projects will amount to US 450 million dollars. Out of this, 320 million dollars is being arranged by International Finance Corporation, World Bank Group.